JPMorgan raised the firm’s price target on CrowdStrike (CRWD) to $582 from $580 and keeps an Overweight rating on the shares. The company reported a “solid beat and raise” quarter with better than expected organic net new annual recurring revenue acceleration, the analyst tells investors in a research note. The firm remains encouraged by CrowdStrike’s platform traction.
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Read More on CRWD:
- CrowdStrike price target raised to $520 from $450 at Piper Sandler
- CrowdStrike price target raised to $590 from $580 at UBS
- CrowdStrike Holdings: Strong Performance and Strategic Positioning Justify Buy Rating and Increased Price Target
- CrowdStrike Holdings: Strong Growth and Strategic Advancements Justify Buy Rating
- CrowdStrike’s Strong Growth Amid High Valuation Warrants Hold Rating